Lynda.com's educational videos attract $103 million in new financing
- Online learning through video continues to attract investment with Lynda.com announcing today that it has raised an additional $103 million in a funding round led by Accel Partners and Spectrum Equity.
- Bloomberg reports that the new round represents the "largest U.S. venture financing round on record for an online education company."
- The site currently claims 2 million members and more than $100 million in sales from 2012 alone.
From the article:
Over the past two years, as money poured into online education startups, Lynda Weinman sat back and operated her profitable bootstrapped company to little fanfare. With 2 million members signed up for Lynda.com’s tutorials on web design, photography and business skills, the company has generated four straight years of 40 percent growth and sales in 2012 that topped $100 million. ...
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